Trio Industrial Electronics Faces Steep Decline

Trio Industrial Electronics Group Limited (HK:1710) has released an update.

Trio Industrial Electronics Group Limited reported a significant downturn in their financial performance for the first half of 2024, with revenues dropping by 31.2% and a shift from a profit to a loss before income tax, showing a challenging period for the company. The group’s gross profit fell by 43.2%, with the gross profit margin also sliding down. Overall, the company experienced a loss of approximately HK$25.9 million, contrasting with a profit in the same period of the previous year.

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